1. Marketing: The marketing function of the business will be responsible for promoting and advertising the products or services offered by the company. This includes creating marketing campaigns, developing branding strategies, conducting market research, and managing social media and other digital marketing channels.
Task: Develop a new marketing campaign to increase brand awareness and attract new customers.
2. Sales: The sales function will be responsible for generating revenue through selling the company's products or services to customers. This includes identifying leads, managing relationships with clients, negotiating deals, and closing sales.
Task: Meet with potential clients to pitch the company's products and secure new business contracts.
3. Finance: The finance function of the business will be responsible for managing the company's financial resources, including budgeting, financial reporting, cash flow management, and financial analysis.
Task: Prepare quarterly financial reports and present them to the executive team for review.
4. Operations: The operations function will be responsible for overseeing the day-to-day operations of the business, including production, inventory management, logistics, and quality control.
Task: Conduct a review of the current production process and make recommendations for increasing efficiency and reducing costs.
5. Human Resources: The human resources function will be responsible for recruiting, hiring, training, and managing the company's employees. This includes developing HR policies and procedures, handling employee relations issues, and managing benefits and compensation.
Task: Conduct interviews for a new position and prepare an offer letter for the selected candidate.
4. Explain at least five functional areas of your business.
Include in your explanation a TASK that EACH function will be responsible for.
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